Lenihan delivers robust legislation to restrict possible court battles

LEGAL challenges to the work of NAMA, the toxic assets agency, will be restricted by tough legislation in the draft paper.

The agency will have far-reaching legal powers to compulsorily take possession of property and other assets such as shares with back-up legislation being provided to avoid obstruction or delays.

Finance Minister Brian Lenihan had promised robust and sturdy legislation to head-off any legal challenges and yesterday he appeared to deliver on those promises.